GE is 'the most expensive value trap we have ever seen,' says top analyst Tusa

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Industrial giant GE's decision to issue more debt it is a sign that more bad news is on the horizon, according to JPMorgan analyst Stephen Tusa.

GE announced on Monday that it was issuing $6 billion in new debt as part of a financial restructuring process, and Tusa lowered his price target on the stock and told clients in a note that it was "the most expensive value trap we've seen."